Highlights

IPO Malaysia

Author: kltrader   |   Latest post: Sat, 11 Jan 2020, 7:16 PM

 

IPO - Powerwell Holdings Berhad (PWRWELL)

Author: kltrader   |  Publish date: Sat, 11 Jan 2020, 7:16 PM


Listing Detail:
Listing Sought: ACE Market
Issue Price: RM 0.25

Dates:
Offer Period Open: 2 Jan 2020
Offer Period Close: 10 Jan 2020
Tentative listing date: 22 Jan 2020

Number of shares:
Public Issue: 87,400,000
Offer for Sale: 58,055,200
Private Placement: 113,305,200

 

Stock Code: PWRWELL

 

Official Announcement

INITIAL PUBLIC OFFERING ("IPO") OF 145,455,200 ORDINARY SHARES IN POWERWELL HOLDINGS BERHAD ("POWERWELL" OR THE "COMPANY") ("SHARES") IN CONJUNCTION WITH THE LISTING OF POWERWELL ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING:-

(A) PUBLIC ISSUE OF 87,400,000 NEW SHARES IN POWERWELL ("ISSUE SHARES") COMPRISING:-

(I) 23,800,000 ISSUE SHARES TO THE MALAYSIAN PUBLIC;

(II) 60,700,000 ISSUE SHARES BY WAY OF PRIVATE PLACEMENT TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY OF MALAYSIA; AND

(III) 2,900,000 ISSUE SHARES BY WAY OF PRIVATE PLACEMENT TO INSTITUTIONAL AND SELECTED INVESTORS,

(B) OFFER FOR SALE OF 58,055,200 EXISTING SHARES ("OFFER SHARES") BY THE OFFERORS (AS DEFINED IN THE PROSPECTUS) COMPRISING:-

(I) 8,350,000 OFFER SHARES TO ELIGIBLE PERSONS (AS DEFINED IN THE PROSPECTUS); AND

(II) 49,705,200 OFFER SHARES BY WAY OF PRIVATE PLACEMENT TO INSTITUTIONAL AND SELECTED INVESTORS,

AT AN IPO PRICE OF RM0.25 PER SHARE PAYABLE IN FULL ON APPLICATION.

 

Company Overview

Powerwell provides services in power distribution management. The company offers comprehensive product and service solutions from the product development level to power distribution design.
 

Address & Contact:

No. 1B, Jalan Anggerik Mokara 31/48, Seksyen 31, Kota Kemuning,
40460 Shah Alam, Selangor, Malaysia


Tel: +603 5521 3333

Website: https://www.powerwell.com.my

 

News: Powerwell to raise RM21.85m from ACE Market IPO


 

POWERWELL Holdings Bhd is seeking to raise RM21.85 million from its IPO at 25 sen per share, as the company looks to strengthen and expand its electricity distribution product manufacturing business.

“We intend to develop and commercialise our Powerwell-branded products and obtain third-party International Electrotechnical Commission standards-compliant certifications for a wider range of our products.

“These efforts are meant to increase our competitiveness in the industry by growing our brand, market presence and market share,” Powerwell MD Jason Tham said at the launch of the IPO prospectus in Kuala Lumpur (KL) yesterday.

The group also intends to grow its replacement market business as it sees growth opportunities in this area, with existing buildings due for refurbishments or upgrades to prolong their lifespan.

“We have also appointed distributors regionally. We intend to increase marketing efforts locally and overseas to strengthen our brand awareness and brand loyalty,” Tham added.

Despite the tough market sentiment expected this year, the company is confident the listing will be a success, driven by over 25 years of experience in the electricity distribution industry and a proven track record domestically and overseas its ED Ricky Lee said.

The group has supplied low voltage switchboards and medium voltage switchgears to domestic projects, including both public and private initiatives across different industry segments, such as infrastructure and oil and gas.

Lee also expects demand for its products to be boosted by the revival of Malaysia’s construction sector, as well as Indonesia’s intention to relocate its administrative capital to East Kalimantan, Borneo.

“Other than that, the IPO will also enable us to gain access to the capital market for future expansion and growth, besides enhancing our company profile and reputation, attracting new skilled employees and expanding our customer base,” he said.

To support its manufacturing activities, Powerwell currently operates from manufacturing facilities in Kota Kemuning, Shah Alam, and Binh Duong, Vietnam.

The company has supplied products to Vietnam, Bangladesh, Indonesia, the Philippines, Cambodia and Singapore, among others.

Powerwell is expected to debut on the ACE Market of Bursa Malaysia on Jan 22, 2020. The group is offering 145.46 million Powerwell shares at 25 sen per share.

Upon listing, the company will have a market capitalisation of RM145.14 million based on its enlarged share capital of 580.55 million shares.

The IPO entails a public issue of 87.4 million new shares in Powerwell and an offering for sale of 58.06 million existing shares by the offerors.

Of the RM21.85 million to be raised from the exercise, RM10.27 million has been earmarked for capital expenditure, involving the purchase of machinery and equipment and the enhancement of Powerwell’s Enterprise Resource Planning systems and hardware.

The company also aims to improve manufacturing processing efficiency and boost production capacity.

Some RM3.87 million will be allocated for certification expenditure for a range of Powerwell-branded products, RM3.62 million for working capital purposes and the remaining RM4.1 million for estimated listing expenses.

Mercury Securities Sdn Bhd is the sole underwriter, principal advisor, sponsor and sole placement agent for the listing exercise, while BDO Capital Consultants Sdn Bhd is the financial advisor.

 

Labels: PWRWELL
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LEAP IPO - ACE Innovate Asia Berhad (ACEINNO)

Author: kltrader   |  Publish date: Sat, 11 Jan 2020, 7:05 PM


 

Listing Detail:
Listing Sought: LEAP Market

Issue Price: RM 0.26


Dates:
Listing date: 7 Jan 2020

 

Number of shares:
Units: 39,000,000

 

Stock Code: ACEINNO

 

Company Overview

Ace Innovate Asia Berhad is based in Malaysia, with the head office in Subang Jaya. The enterprise currently operates in the Jewelry and Silverware Manufacturing sector. Ace Innovate Asia Berhad was incorporated on 2009.


Address:

No 19-1, Jalan USJ 10/1D
47620 Subang Jaya, Selangor, Malaysia

Tel: +603 8081 7198
Email: enquiry@ace2u.com
Website: http://www.ace2u.com


 

 

LEAP Market

The LEAP market is an alternative platform for small and medium enterprises (SMEs) to raise capital in an efficient, fast, and transparent marketplace for their business growth.

Additionally, the LEAP market gives them the visibility of being a listed entity and assists these companies in their transformation to better governance and operational standards.

Trading on the LEAP market is limited to sophisticated investors, who are categorised as accredited investors, high net worth entities with total net assets exceeding RM10mil, or high net worth individuals whose net personal assets exceeds RM3mil or gross annual income exceeding RM300,000.

Labels: ACEINNO
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LEAP IPO - Supergenics Berhad (SGBHD)

Author: kltrader   |  Publish date: Sat, 11 Jan 2020, 6:58 PM


 

Listing Detail:
Listing Sought: LEAP Market

Issue Price: RM 0.20


Dates:
Listing date: 6 Jan 2020

 

Number of shares:
Units: 25,000,000

 

Stock Code: SGBHD

 

Company Overview

Supergenics Berhad provides electrical engineering services. The Company offers designing, monitoring, and other related services. Supergenics serves customers in Malaysia.




Address:

No. 57, Jalan Bulan U5/171, Subang 2,
Shah Alam, 40150 Selangor Darul Ehsan, Malaysia

Email: sales@supergenic.com.my
Phone: +603 58821210
Website: http://www.supergenic.com.my

 

LEAP Market

The LEAP market is an alternative platform for small and medium enterprises (SMEs) to raise capital in an efficient, fast, and transparent marketplace for their business growth.

Additionally, the LEAP market gives them the visibility of being a listed entity and assists these companies in their transformation to better governance and operational standards.

Trading on the LEAP market is limited to sophisticated investors, who are categorised as accredited investors, high net worth entities with total net assets exceeding RM10mil, or high net worth individuals whose net personal assets exceeds RM3mil or gross annual income exceeding RM300,000.

Labels: SGBHD
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LEAP IPO - Astramina Group Berhad (ASTRA)

Author: kltrader   |  Publish date: Wed, 18 Dec 2019, 10:06 PM


 

Listing Detail:
Listing Sought: LEAP Market

Issue Price: RM 0.23


Dates:
Listing date: 3 Dec 2019

 

Number of shares:
Units: 272,163,310

 

Stock Code: ASTRA

 

Company Overview

Astramina Group Bhd principal activity is investment holding. Its subsidiaries SSSB and ASB, are principally involved in the manufacturing and selling of food ingredients, and trading of food ingredients, respectively. The company is incorporated in Malaysia.


Address:

Level 3, Menara Hap Seng
Letter Box 53, Jalan P. Ramlee
50250 Kuala Lumpur.

Tel: +603 2026 7282
Fax: +603 2026 7281
Website: https://www.astramina.com

 

LEAP Market

The LEAP market is an alternative platform for small and medium enterprises (SMEs) to raise capital in an efficient, fast, and transparent marketplace for their business growth.

Additionally, the LEAP market gives them the visibility of being a listed entity and assists these companies in their transformation to better governance and operational standards.

Trading on the LEAP market is limited to sophisticated investors, who are categorised as accredited investors, high net worth entities with total net assets exceeding RM10mil, or high net worth individuals whose net personal assets exceeds RM3mil or gross annual income exceeding RM300,000.

Labels: ASTRA
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IPO - Spring Art Holdings Berhad (SPRING)

Author: kltrader   |  Publish date: Sun, 20 Oct 2019, 9:49 AM


Listing Detail:
Listing Sought: ACE Market
Issue Price: RM 0.25

Dates:
Offer Period Open: 16 Oct 2019
Offer Period Close: 24 Oct 2019
Tentative listing date: 8 Nov 2019

Number of shares:
Public Issue: 97,687,000
Offer for Sale: 27,019,000
Private Placement: 99,764,800

 

Stock Code: SPRING

 

Official Announcement

INITIAL PUBLIC OFFERING IN CONJUNCTION WITH OUR LISTING ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") COMPRISING:

(I) PUBLIC ISSUE OF 97,687,000 NEW ORDINARY SHARES IN OUR COMPANY ("SHARES") IN THE FOLLOWING MANNER:

20,784,400 NEW SHARES AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC;

4,156,800 NEW SHARES AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS AND EMPLOYEES AS WELL AS PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF OUR GROUP; AND

72,745,800 NEW SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY AND SELECTED INVESTORS

(II) OFFER FOR SALE OF 27,019,000 EXISTING SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS AT AN ISSUE/OFFER PRICE OF RM0.25 PER SHARE, PAYABLE IN FULL UPON APPLICATION.

 

Company Overview

Spring Art Holdings Berhad operates as a holding company. The Company, through its subsidiaries, design and manufacture ready-to-assemble furniture products for export markets.
 

Address & Contact:

Lot Plo 49, Jalan Rami 4, Kawasan Persindustrian Bukit Pasir,
84300 Bukit Pasir, Muar Johor, West Malaysia.


Phone: +60 6 985 9971
Email: info@springart.com
Website: http://springart.com/

 

Share Capital

  • Market Cap: RM103.921 mil
  • Total Shares: 415.687 mil shares (IPO 20.784 mil, Company Insider/Miti/Private Placement 103.9216 mil)


Markets

  • India: 27.5%
  • Japan: 5.4%
  • UAE: 23.2%
  • Saudi Arabia: 33.1%
  • Canada: 2.1%
  • Bahrain: 7.4%
  • Others: 1.3%


Past Financial Proformance (Revenue, EPS)

  • 2019 (4mths): RM18.297 mil (EPS: 0.006)
  • 2018: RM50.382 mil (EPS: 0.015)
  • 2017: RM48.276 mil (EPS: 0.019)
  • 2016: RM41.287 mil (EPS: 0.018)
  • 2015: RM36.425 mil (EPS: 0.017)


Net Profit Margin

  • 2019: 14.1%
  • 2018: 12.4%
  • 2017: 16.3%
  • 2016: 18.1%
  • 2015: 19.8%


Use of fund

  • Machinery for Factory C : RM17.55 mil (71.9%)
  • General Working Capital: RM3.672 mil (15%)
  • Listing expenses: RM3.2 mil (13.1%)

 

Competitors (PE & ROE)

  • Sernkou: PE 17.54, ROE 13.03
  • SWSCAP: Loss making
  • SHH: Loss making
  • WEGMAS: PE 9.13, ROE 19.87
  • EUROSPAN: loss making
  • SENG YIP: ROE 11.93
  • TECHCENTIAL: ROE 16.24
  • SAMLING HOUSING: ROE 11.94
  • GREEN RIVER: ROE 1.45
  • AX FURNITURE: ROE 4.97
  • VALUE PLUS INDS: ROE 5.46


Industry Analysis (CAGR growth rate)

  • Furniture Production (Msia): 5.0%
  • Furniture export: 2.7%
  • Home & Office export: 5.5%
  • Furniture import: 9.9%

 

News: Ready-to-assemble furniture firm Spring Art to list on ACE Market

KUALA LUMPUR: Ready-to-assemble furniture products designer and manufacturer Spring Art Holdings Bhd plans to issue 97.69 million new shares enroute to its listing on the ACE Market of Bursa Malaysia.

The new shares represent about 23.5% of the enlarged share capital, the Johor-based company said in a statement on Wednesday as it signed an underwriting agreement with M&A Securities Sdn Bhd.

Spring Art said of the 97.69 million new shares, 20.78 million units would be offered to the public; 4.16 million new shares to eligible directors and staff and the remaining 72.75 million new shares to be placed out to selected Bumiputera investors.

As part of its listing exercise, the shareholders would place out 27.02 million shares to selected investors.

“Proceeds from the IPO will be used mainly to support its existing business and to expand its production capacity; general working capital and to be used to defray listing expenses for the IPO, ” it said.

Johor-based Spring Art, which designs and manufactures ready-to-assemble furniture items, said as part of the listing exercise, M&A Securities will underwrite 24.94 million new shares.

Signing on behalf of Spring Art were its managing director Jack Lim Kok Eng and executive director Yvonne Kwan Chian Poh while M&A Securities was represented by its managing director of corporate finance, Datuk Bill Tan.

“The listing exercise enable us to tap into the equity capital market for future fund raising and to provide us the financial flexibility to pursue future growth opportunities as and when they arise.

“Our ability to provide high quality products, coupled with our consistent and timely delivery of quality products have been instrumental in attracting new and recurring contracts from our clients, ” Lim added.

Spring Art is scheduled to be listed on the ACE Market of Bursa Securities by November 2019.

M&A Securities is the adviser, sponsor, underwriter and placement agent for the listing exercise.

 

Labels: SPRING
  neoZ likes this.
 
neoZ ok BUY
22/10/2019 5:24 PM
utusminum OK, wait drop below IPO price, I go buy, hardly you can find m&a securities IPO success one
25/10/2019 6:14 PM
fca70jia Can enter ? Any opinion on future wise?
02/11/2019 11:49 PM
dennis888 spring is be listing tomorrow@8/11/2019. What is the opinion on this stock? Tumble first @ the opening price then rebound..
07/11/2019 11:46 AM
apolloang open high then promoters dumping again?
08/11/2019 3:08 AM

LEAP IPO - IDB Technologies Berhad (IDBTECH)

Author: kltrader   |  Publish date: Sun, 20 Oct 2019, 9:31 AM


 

Listing Detail:
Listing Sought: LEAP Market


Dates:
Listing date: 8 Oct 2019

 

Number of shares:
Private Placement: -

 

Stock Code: IDBTECH

 

Company Overview

IDB Technologies Berhad operates as a holding company. The Company, through its subsidiaries, provides IT integrated solutions specialising in property management solutions for hotels and accommodations comprising proprietary end-to-end software modules for reservations and booking engines, front desk, housekeeping, point-of-sale software, accounting and others.


Address:

C5-3, Radius Business Park, Jalan Teknokrat 2/1, Cyber 4,
63000 Cyberjaya Selangor.

Tel: +6012-367-1795
Email: sales@idb.com.my
Website: https://idb.com.my/

 

LEAP Market

The LEAP market is an alternative platform for small and medium enterprises (SMEs) to raise capital in an efficient, fast, and transparent marketplace for their business growth.

Additionally, the LEAP market gives them the visibility of being a listed entity and assists these companies in their transformation to better governance and operational standards.

Trading on the LEAP market is limited to sophisticated investors, who are categorised as accredited investors, high net worth entities with total net assets exceeding RM10mil, or high net worth individuals whose net personal assets exceeds RM3mil or gross annual income exceeding RM300,000.

Labels: IDBTECH
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